100&Change: 2021

Global Innovation Lab for Climate Finance: Driving a Sustainable Economy

Climate Policy Initiative Inc.

The Global Innovation Lab for Climate Finance will rapidly scale up its network and initiatives that already have helped mobilize $2.4 billion (USD) in sustainable investment for key economic sectors and regions to avert a climate catastrophe.

Submitted: May 2021
DOWNLOAD: Project Factsheet
Two-page overview of proposal
Competition Participation
100_change_logo.jpg
100&Change: 2021
Subject
Climate Change & Environment
Current Work Location(s):
  • National Capital Territory of Delhi, India
  • Nairobi, Kenya
  • South Africa
  • Nigeria
  • Rio de Janeiro, Brazil
  • China
  • Indonesia
  • Mexico
Priority Population(s):
  • Economically disadvantaged people
  • Farmers
Sustainable Development Goals (SDGs):
  • 6. Clean water and sanitation
  • 7. Affordable and clean energy
  • 8. Decent work and economic growth
  • 9. Industry, innovation and infrastructure
  • 11. Sustainable cities and communities
  • 13. Climate action
  • 17. Partnerships for the goals

Executive Summary

One of this century’s biggest challenges is achieving economic growth that lifts people out of poverty while dramatically reducing environmental harm. To avert major and irreversible consequences of climate change—which disproportionally hurt the world’s most disadvantaged—we must reduce greenhouse gas emissions by 80 percent by 2050. Technologies, businesses, and development models that can address this challenge exist, but they require support to be successfully implemented in ways that scale up and achieve economy-wide transformation.

Established in 2014, the Global Innovation Lab for Climate Finance is a network of some of the world’s largest investors that identifies, develops, and launches transformative and sustainable financial solutions and businesses. The Lab has launched 49 initiatives that have mobilized $2.4 billion in sustainable investment. We want to scale up this proven approach to more regions and sectors to rapidly expand innovative, sustainable development where it is needed most.

Organization Details
Lead Organization

Climate Policy Initiative Inc.

website: https://climatepolicyinitiative.org/
Organization Headquarters
San Francisco County, California, United States
Organization ID
26-4129153
Annual Operating Budget
$10.1 to 25 Million
Number of Full-time Employees
100 to 299
Type
Non-profit

Charity, fund, non-governmental organization, religious institution, school, or other entity

Accomplishments

Despite the challenging environment of 2020, the Global Innovation Lab for Climate Finance supported our largest and most diverse class—launching eight financial ideas addressing sustainable development across Latin America, Africa, and Asia. Also in 2020, our portfolio of 49 ideas continued to mobilize investment, which now exceeds $2.4 billion US.